407 Shares in Intuit Inc. (NASDAQ:INTU) Acquired by Capital A Wealth Management LLC

Capital A Wealth Management LLC acquired a new position in shares of Intuit Inc. (NASDAQ:INTU - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 407 shares of the software maker's stock, valued at approximately $256,000.

Other institutional investors also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Intuit by 2.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 171,605 shares of the software maker's stock worth $107,854,000 after purchasing an additional 3,648 shares during the period. Capitolis Liquid Global Markets LLC acquired a new position in Intuit during the fourth quarter worth $109,988,000. Hantz Financial Services Inc. raised its holdings in Intuit by 10.2% during the fourth quarter. Hantz Financial Services Inc. now owns 22,126 shares of the software maker's stock worth $13,906,000 after buying an additional 2,055 shares during the last quarter. Factory Mutual Insurance Co. bought a new position in shares of Intuit in the fourth quarter valued at $33,248,000. Finally, V Square Quantitative Management LLC grew its holdings in shares of Intuit by 7.0% during the fourth quarter. V Square Quantitative Management LLC now owns 7,671 shares of the software maker's stock valued at $4,821,000 after buying an additional 501 shares during the last quarter. Institutional investors and hedge funds own 83.66% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on INTU. Jefferies Financial Group set a $850.00 price target on shares of Intuit and gave the company a "buy" rating in a research report on Friday, May 23rd. Wall Street Zen upgraded Intuit from a "hold" rating to a "buy" rating in a report on Tuesday, April 29th. BMO Capital Markets reaffirmed an "outperform" rating and set a $820.00 target price (up previously from $714.00) on shares of Intuit in a research report on Friday, May 23rd. Bank of America lifted their price objective on shares of Intuit from $730.00 to $875.00 and gave the stock a "buy" rating in a report on Friday, May 23rd. Finally, Barclays reissued an "overweight" rating and set a $815.00 price target (up from $775.00) on shares of Intuit in a research report on Friday, May 23rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $785.33.

Intuit Stock Performance

INTU traded down $5.18 during trading hours on Friday, hitting $752.04. The stock had a trading volume of 2,887,072 shares, compared to its average volume of 1,632,573. Intuit Inc. has a 1 year low of $532.65 and a 1 year high of $761.18. The company's fifty day simple moving average is $628.02 and its 200 day simple moving average is $623.14. The stock has a market cap of $210.24 billion, a PE ratio of 73.01, a price-to-earnings-growth ratio of 2.85 and a beta of 1.24. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.31.

Intuit (NASDAQ:INTU - Get Free Report) last posted its earnings results on Thursday, May 22nd. The software maker reported $11.65 earnings per share for the quarter, topping the consensus estimate of $10.89 by $0.76. The firm had revenue of $7.75 billion during the quarter, compared to the consensus estimate of $7.56 billion. Intuit had a net margin of 17.59% and a return on equity of 18.25%. The company's revenue was up 15.1% on a year-over-year basis. During the same quarter last year, the company earned $9.88 earnings per share. Equities analysts anticipate that Intuit Inc. will post 14.09 earnings per share for the current year.

Intuit Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 18th. Investors of record on Thursday, July 10th will be paid a dividend of $1.04 per share. The ex-dividend date is Thursday, July 10th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.55%. Intuit's payout ratio is 33.77%.

Insider Buying and Selling

In other Intuit news, EVP Laura A. Fennell sold 25,648 shares of the stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $752.25, for a total value of $19,293,708.00. Following the sale, the executive vice president now directly owns 22,796 shares in the company, valued at $17,148,291. This represents a 52.94% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Mark P. Notarainni sold 469 shares of the firm's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $725.00, for a total transaction of $340,025.00. Following the completion of the transaction, the executive vice president now directly owns 19 shares of the company's stock, valued at approximately $13,775. The trade was a 96.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 189,804 shares of company stock valued at $138,081,963. Corporate insiders own 2.68% of the company's stock.

About Intuit

Intuit Inc provides financial management and compliance products and services for consumers, small businesses, self-employed, and accounting professionals in the United States, Canada, and internationally. The company operates in four segments: Small Business & Self-Employed, Consumer, Credit Karma, and ProTax.